Examlex
Describe the benefits of technology in HR management.
Equilibrium Quantity
The level of output whereby the amount of goods supplied is equal to the amount of goods demanded in the market.
Key Resource
A fundamental input or asset used by businesses to produce goods and services.
Product Supply Curve
A graphical representation showing the relationship between the quantity of goods that producers are willing to supply and the market price.
Shift To The Right
A term often used in economics to describe an increase in supply or demand, represented graphically by a curve moving to the right on a graph, indicating growth or expansion.
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